Firstly, the procedure of transfer of participating interest (its part) in authorised capital from one shareholder of limited liability company (hereinafter referred to as “LLC”) to another one and/or third parties is detailed. Shareholder intending to exercise right of privilege purchase has to notify another shareholder who suggested to sell the participating interest (its part) within a 7-day period. Whereas, shareholder intending to buy participating interest (s) should specify whether he/she intends to purchase in full or partly.
The President approves reorganization of Uzbekenergo
President of Uzbekistan Shavkat Mirziyoyev approved the reorganization of Uzbekenergo on 27 March.
Uzbek President signed the law on the improvement of business climate in the country
The President of Uzbekistan Shavkat Mirziyoyev signed the Law “On introducing changes and amendments to some legislative acts of the Republic of Uzbekistan in connection with the adoption of additional measures to improve the business climate in the country”.
The President ordered to create a new edition of the Civil Code of the Republic of Uzbekistan (the “Civil Code”), which shall meet the requirements of the real market economy and international standards.
Legal 500 has recently released its annual rankings of international law firms – Legal 500 EMEA 2019.
On April 9, 2019, “Aviation Insurance” Seminar was held at the InterContinental Hotel. The seminar was organized by GRATA International and Kennedys law firms.